According to recent data published by Women in VC, only 5.6% of US Venture Capital firms are led by women. In many places around the world, those numbers are drastically lower.
However, those numbers are starting to really increase. 76% of women-led VC firms having been started within the last 5 years – including our associated fund, The W Fund (check it out!) – and many of the women listed below who have started newer funds mean that stat will go up.
As we’ve said many times before, we can do all the work we want with women and underrepresented founders, but if we aren’t changing the other side of the table – the side that dictates the flow of money, the populations served by products, and the success of founders – any potential impact will be lost.
One direct focus area in this regard is firms owned and led by women. They play a crucial role in closing multiple gender gaps in the space, and their presence and impact is measurable and growing.
Before we dive into the list, two important items:
The ecosystem opportunities.
- First and foremost, what this list represents is decision-making, capital-backed power. We consider power to be collective and additive, and not a zero-sum game. If you’re here reading this, power is a strength for the entire ecosystem. That’s exciting.
- With such a large number of new firms led by women, it means our bank of AUM to be allocated by women in the coming years is large. That’s also exciting.
- While only 2.1% of all VC firms in the US are led by a woman of color (Ugh), of the women-owned firms, 38% of them are led by women of color. We feature many of them below.
- Along with the growing number of women-led funds, Fund of Funds, Institutional LPs and Family Offices all have a growing opportunity to invest with them as LPs, and make a serious impact on closing the gender gap in VC and growth capital.
- Because women investors are twice as likely to invest in women founders, this growing pool of capital at the hands of women like those we list below means a huge potential increase in funding to women-led startups (which, PS, isn’t a fucking charity).
- Start creating relationships with and amplifying some of the women below. (Easy starter: Follow them all on Twitter.)
- Better yet, start investing in some of their funds (e.g. The W Fund is open for investment).
- If you’re a founder from any background, make sure you have a women-led fund on your cap table at your next fundraise. It’ll probably make you stronger.
- Revisit the Call-To-Action our CEO put out last year, it’s still relevant and is jammed-packed with additional ideas: How to Make Deeper, Longer-Term Changes to VC Investor Diversity (Partners: This One’s For You!)
- Check out our list of Non-Traditional (but awesome) Emerging Fund Managers (and if you are one, make sure you’re on there)
- Engage with any of a number of organizations focused on women in ventures capital, including Women in VC, Transact and All Raise.
- Sign up for our newsletter, you’ll get all the stuff.
- Put your name on this list of interested LPs, organized by Lolita Taub as a way to connect interested investors to women, POC and LGBTQ+ emerging fund managers.
Our list consists of women who are solo, primary or equal owners of their fund, or are Partner-level owners on an all-women fund team.
Without further ado, here are 111 amazing women to get on your radar (and invest your dollars into!). And, for your viewing pleasure, we’ve got it on random load, which means each time you refresh you’ll see new names at the top (let’s be honest, it’s never fun being a “Z” on these lists!).